He has since been strong supporter of Dogecoin
Tesla CEO Elon Musk said he would continue to “support Doge as much as possible” in response to news that The Boring Company is now accepting Dogecoin as payment for a ride.
Elon Musk has been a backer of Dogecoin ever since he stated in April 2019 that the meme coin was his favorite cryptocurrency. He has since been a strong supporter of Dogecoin, tweeting about everything from having SpaceX put a “literal Dogecoin on the literal moon” to mining the meme token with his children.
In the weeks leading up to Musk’s “Saturday Night Live” appearance, Dogecoin hit its all-time high in May 2021. Today, the SpaceX CEO is still a strong supporter of Dogecoin.
As previously reported by U.Today, Elon Musk stated he will continue to support Dogecoin and gave a unique reason for this: “I just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support Dogecoin. I’m responding to those people.”
Maybe more down the road?
Last month, Billy Markus, the co-creator of Dogecoin, tweeted that he wanted people to “use it for something”, to which Elon Musk replied: “Tesla and SpaceX merch, maybe more late”.
In a recent interview, Musk mentioned that SpaceX might soon accept Dogecoin as payment for goods, as Tesla already does.
Elon Musk’s Boring Company is now allowing customers to pay for a ride with Dogecoin on the Loop, its Las Vegas public transit system. As of this writing, the price of Dogecoin remains largely unchanged, so it has yet to respond to the news. The price of Dogecoin was $0.068, up 1.70% from the previous day.
